Show I L Local cal BondI Bond I A Al And nd Security ty Dealings J. J A Hogle lolle 3 Co are offering offering- today 7 per pr cent stock sloe at to debenture debenture de de- de- de yield per cent and 6 e per cent stock at 8 t tA fl yield l l 68 s 65 Per Percent cent of the General Motors Motor company The 7 per cent tock stock In Is t callable at 10 and the 6 per cent at UG on 00 any Interest dU date Moodys Moody's Weekly Review flevie of Financial Conditions In Us its Is current Issue says laya ITT Irr lI part rrt Heaviness of security prices seems leema due partly to presidential campaign campaign cam cain ammunition party mad made from class clas prejudice Business and monetary conditions conditions con con- are temporarily more favorable to bond prices price but after atel midsummer the reserve ratio rato of ot the federal reserve banks promises to sag ag again and ond commercIal commercial com corn mercial paper discounts to rise rice rile Farm labor Is I. I migrating to the cities in re respOnse response response re- re to a sharp demand demant for tor Industrial Industrial industrial Indus Indus- trial labor and and the poor pay of farm workers workers Such migration may Inay tend to raise th the per capita Incomes of agriculturists more nearly capia to the basis basin of ot other per capita capia Incomes Income for It I might well wel limit agricultural production and thereby raise ralso prices Public Interest In tho the ce cement cement co- co ment mont Industry Is keen The contradictory contradictory contradictory tory price quotations appear to indicate that average mill mil prices of ot cement declined de de- de- de dined slightly last year net profits per barrel rose from 15 cents cent before the war ar to 6 86 cents In 1920 2920 an and l then fell fel to 28 cents In 1022 and are arc ar probably about tho same now The business Is la highly competitive so that I the cement prices did not rise rime even In great building boom of 1022 1012 Presumably bom ably their trend before many months should be b downward downard Railroad stock and bond holders holder are now receiving only 14 1 cents out of ot each dollar dolar of gro gross groes s revenues revenues' revs reve nue against 26 cents before the time Of Ot their loss 6 5 cents goes goe to railroad labor about 2 I 4 ce cents cents ts to coal mining labor and and about 1 18 c cents lit for t xe I Scarcity of labor labor his has l b become bome ome e a 0 factor of great roat Influence In n sections of ot of the Middle West Vest where consumption is crowding production In in various lines linen I Trade h satisfactory satin satis conditions condition are mu much more sat factory than than at this time last hat Jat year and with Ith 40 cents an hour virtually adopted d das as the rate for tor common labor by the thestel steel stel companies It Is evident that employers employers employers em em- In various lines must must Increase their production cote costs or be left lef without without with with- wih- wih out an nn operating force torce More favorable weather con conditions have led I to to larger business being tons developed In retail lines and recent n sales e by the great mall mail 0 order dt rt concerns show 1 up admirably an comparison compari compari- r son with last year It I is tso to bo be be hoped that this bette betterment nt will continue and that various lines Ines of trade will 1 be stabilized a arid reflect e t permanent Im irn- irn brI provement t ta There is a healthy optimism and while the rise in prices price has reached a a. point where the Je Is g IT to further increases except s in In incases cases where they are plainly justified the situation is ls for tor the most part favorable with the outlook In general highly sat sat- The National CI City Bank Dank of or Chicago |